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(Insights on our law firm’s practice in Bank Laws and DRT lawyers, their fields of interest, region, steps of retention and procedure involved.)
B&B Associates LLP represents lenders, export credit institutions, Corporate Borrowers, etc. in their legal issues concerning bank laws. Our scope of work covers the entire spectrum of bank laws ranging from lawsuits before the Debt Recovery Tribunals, structuring transactions, drafting term sheets to provide advice on the regulatory framework and associated issues. We offer legal services to both – domestic and international clients on securitization laws, restructuring, banking, insolvency and insurance, among others. B&B has a fully dedicated team to cater to the legal needs pertaining to documentation and litigation at DRT, ADRT, etc.
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**We deject un-ethical and immoral practices, and reserve our rights of extending legal services only to a select clientele which exhibits civility, faith in law, sound moral footing, and good conscience. Our legal counsels defend the ones who have falsely been implicated, and prosecute for those who have actually been victimized – in either case, our counsels reserve their right of exercising discretion in accepting or rejecting a brief/ lawsuit
The Debts Recovery Tribunals have been established by the Government of India under an Act of Parliament for expeditious adjudication and recovery of debts due to banks and financial institutions.
Where a bank or financial institution has to recover any debt from any person, it makes an application called Original Application (OA) to the Tribunal against such person.
The DRTs function under the provisions of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 and as per the Debts Recovery Tribunal (Procedure) Rules, 1993.
The application shall be filed by the Applicant with the Registrar within whose jurisdiction the Applicant is functioning as a bank or financial institution as the case may be, for the time being.
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